Obama in Fla. pushing Buffet Rule to tax the wealthy on investment income
By Lauren McNitt
ProWEB Wire (Industry News)
President Barack Obama is renewing his push for raising taxes on millionaires in a visit to Florida this week.
Obama is pushing the so-called Buffet Rule, which calls for people making over $1 million per year to pay income taxes of at least 30 percent on both salary and investments. Right now wealthy taxpayers only pay 15 percent on investment income.
As a part of its message, Obama’s campaign attacked GOP presidential candidate Mitt Romney for not paying his “fair share” of taxes.
"Romney is a beneficiary of a broken tax system, and he wants to keep it that way," Obama campaign manager Jim Messina told AP reporters Monday.